Monday, May 16, 2011

Is It Safe To Say Goodbye To The Islanders In New York ...

Does anyone really think that voters are going to vote to pay extra taxes to pay for the new arena? Your thoughts plus story inside. ->
Officials on New York?s Long Island will ask voters this summer to approve a $400-million US plan to build a new hockey arena next to the current home of the New York Islanders.
Nassau County Executive Edward Mangano announced plans Wednesday to replace the aging Nassau Veterans Memorial Coliseum with a new arena next door. The plan requires $350 million in bonding over 30 years. Voters also will be asked to approve $50 million in bonds for a minor league baseball park nearby.
The proposal is the latest in a series of efforts to renovate the coliseum and 77 acres of real estate surrounding it.
Islanders owner Charles Wang proposed an ambitious $3.8 billion development in 2003, but it never got off the ground.

Source: http://www.capitalgainstaxonrealestate.org/answers/is-it-safe-to-say-goodbye-to-the-islanders-in-new-york.html

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